#Classactions can harm a company’s finances and #reputation. Early #strategic planning with #legal #counsel and a proactive #risk management approach is essential to prevent and mitigate these risks. Start planning now—consult with your board and legal team to create a proactive strategy!
Commercial & Class Action Litigation, Privacy, and Governance Partner @ Dinsmore | Advocate, Strategist, Leader
Public #companies face increased threats from #classaction #lawsuits, posing serious risks to #financial stability and #shareholder confidence. #Settlements can reach the billions, and protracted #litigation can damage long-term market positions. #Directors have a #fiduciary duty to ensure effective #risk management and #compliance programs are in place. My latest article in #Directors & #Boards covers key defense strategies and proactive steps to mitigate these risks. #corporategovernance #classactions Dinsmore & Shohl LLP #AccomplishMore #DinsmoreCleveland